Baltimore Washington Financial Advisors Inc. Raises Position in KKR & Co. Inc. $KKR

Baltimore Washington Financial Advisors Inc. raised its position in KKR & Co. Inc. (NYSE:KKR) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,720 shares of the asset manager’s stock after buying an additional 11,271 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in KKR & Co. Inc. were worth $7,545,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $844,137,000. Amundi raised its stake in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment lifted its holdings in KKR & Co. Inc. by 1,594.5% in the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares in the last quarter. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in KKR & Co. Inc. by 45.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock worth $352,795,000 after purchasing an additional 950,300 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $121.11 on Thursday. The firm has a 50 day simple moving average of $124.28 and a 200-day simple moving average of $131.25. The stock has a market cap of $107.95 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the firm posted $1.38 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KKR. Barclays raised their price target on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Oppenheimer lowered their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.31.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.